1669 E Silver Star Rd - Drug Store FOR SALE


Ocoee, FL 34761
$5,322,000 USD
949-244-6644
1669 E Silver Star Rd, Ocoee, FL for Sale
$5,322,000 USD
Drug Store - FOR SALE
1/9
null | 6.25% Cap Rate

1669 E Silver Star Rd
Ocoee, FL 34761


HIGHLIGHTS

  • WALGREENS BOOTS ALLIANCE, INC. (NYSE: WBA) | NATIONAL CREDIT (S&P: BB-) | $150.41 BILLION TTM ENDING FEB-2025 | 8,441 RETAIL STORE LOCATIONS IN US
  • 14.0 YEARS OF FIRM TERM REMAINING | NEWLY STRUCTURED ABSOLUTE NNN LEASE WITH 5.00% RENTAL INCREASES EVERY 5 YEARS | ZERO LANDLORD RESPONSIBILITIES
  • HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION | HIGH TRAFFIC RETAIL CORRIDOR ALONG STATE ROUTE 438 / E SILVER STAR RD. 26,376 VPD
  • WALGREENS IS LOCATED ON THE SOUTHEASTERN HARD CORNER OF THE E SILVER STAR RD. & CLARKE RD. (26,808 VPD) INTERSECTION (53,184 VPD)
  • 8.50 MILES WEST OF DOWNTOWN ORLANDO, FL | APPROXIMATELY 0.8 MILES NORTH OF WEST OAKS MALL (780,000 SF SUPER REGIONAL MALL) ALONG CLARKE RD
  • DENSE & STABLE ORLANDO MSA DEMOGRAPHICS (222,773 RESIDENTS WITHIN 5 MILES) | HIGH QUALITY PUBLIX ANCHORED RETAIL INTERSECTION

OVERVIEW

Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased Walgreens in Ocoee, FL. NNN Lease Structure 14 Years Lease Term Remaining Fee Simple Ownership Interest

FOR SALE DETAILS

PRICE

$5,322,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,864 SF

ZONING

PUD-COMM

APN/PARCEL ID

16-2228-6166-00-040

ASK ABOUT THIS PROPERTY

Matt BerresNewmarkMore Info
949-244-6644

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Matt BerresNewmarkMore Info
949-244-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.